ASSESSING THE ECONOMIC STABILITY OF ENTERPRISES

Abstract

This article examines the role of economic stability in ensuring the development of enterprises engaged in honey production and trade. It concludes that the primary factor in ensuring an enterprise’s financial security is the state of its economic stability. It is revealed that an enterprise’s economic stability serves as an indicator of its ability to function effectively and develop in a changing market environment, while financial stability enables enterprises not only to adapt to market conditions but also to scale their operations, thereby strengthening their market positions and influencing market conditions and trends. Modern factors influencing the state of their economic stability are summarized. The dynamics of key indicators of economic stability—specifically, revenue from product sales, profitability, and costs—are assessed and analyzed. Based on the analysis results, it is concluded that the dynamics of these indicators are unstable, which will affect the state of financial security and development potential. A methodology for assessing an enterprise’s economic stability is proposed, based on refining the “golden” rule of economics by including the rate of change in the cost of goods sold in the benchmark ratios of the rates of change in key economic performance indicators (revenue, profit, assets). The ratios between key economic indicators were calculated, and matrices of the benchmark (safe) and actual states of economic stability for the sample of enterprises were constructed. The use of the method of differences between the matrices of the benchmark and actual states of economic stability made it possible to assess the type of economic stability of the sample of enterprises and identify the state of their economic security. By combining the calculation of ratios between key economic indicators of operational stability, the calculation of the similarity coefficient between the matrices of the safe and actual states, and the interpretation of the values of the obtained coefficients on the Harrington scale, the state of economic stability of enterprises engaged in honey production and trade was identified. Five types of economic stability and five states of economic security (security, threat, danger, critical danger, risk) were identified.